DURECT Announces Proposed Public Offering of Common Stock

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DURECT Corp (DRRX) Prices 12M Common Stock Offering at $1.25/Share

April 26, 2016 9:01 AM EDT

DURECT Corporation (Nasdaq: DRRX) today announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock, offered at a price of $1.25 per share to the public. The gross proceeds to DURECT from this offering are expected to be $15 million, before deducting... More